Office

Delancey Street Associates closes on loan for constructing a 26-story mixed-use building on the Lower East Side.

The reimagined former aviation field, which will house industrial, office, retail and hospitality facilities, is set to open this year.

And most observers believe that the market is no longer seller orientated in regard to pricing, and has instead moved to neutral.

The REIT has also executed a non-binding Letter of Intent with an institutional buyer to sell 2445 M St., NW.

“We have seen some select firms overestimate the efficiencies they could get from rightsizing but that is not going to make up for the consolidation we will see from future mergers.”

LBG Real Estate is breathing new life into Richmond's 1.1 million-square-foot shopping mall, which has undergone rebranding to be known as The Shops at Hilltop and will include office, retail and housing.

The investment market may have cooled somewhat, but national investors still see opportunities.

The Internet has become incredibly important to many commercial asset classes, and the future of “free Internet” may mean challenges for some owners.